08.01.2014 - Shares of Halliburton can resume the decline

Halliburton's stock price continues to consolidate above the local minimum near 37.50. At the moment, quotes reached the inclined resistance line and in the near future may continue to decline and break through the level of 37.50, which would be a signal for a further fall with the objectives of 30.00 and 27.00. Stop in this case should be set above 41.00. We look forward to continuing the downward price movement in the medium term.

Graph of Haliburton Company Decreasing

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